The CEO of Cisco disagreed with a Trump administration proposal to take an ownership stake in Nokia and Ericsson to counter China's 5G offensive
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"I don't think the US government should make investments in these companies," Robbins told analysts on Cisco's fiscal second quarter earnings call. "I actually think the US is in fine shape. I think both from a carrier deployment perspective, I think we're in great shape. And I think we're in a good position with the technology."
Barr's comments last week sparked a rally in Nokia and Ericsson shares, and the issue came up during Cisco's fiscal second-quarter earnings call on Wednesday when an analyst asked Robbins "on this whole 5G investment commentary coming, you know, coming out of the government." Robbins said he has helped political leaders in Washington understand the US position in the 5G rollout.
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